Adam Fogelson Re-Upped as Universal Pictures Chairman
Adam Fogelson will be Universal Pictures’ chairman for at least another two years.
NBCUniversal announced Monday that it has exercised its option to keep the executive in his post as chairman of Universal Pictures through 2014.
Fogelson, who rose through the marketing ranks, has been in the job since October 2009, when he and co-chairman Donna Langley were selected to replace ousted execs Marc Shmuger and David Linde.
Fogelson will continue to have oversight of the feature film division, which has had a mixed bag this year. Movies such as the Ron Howard-directed The Dilemma, The Change-Up and tentpole Cowboys & Aliens disappointed although Bridesmaids and Fast Five surprised and over-performed.
Next year the studio has some big bets on the line, including the expensive watery alien invasion movie Battleship and the franchise hopeful Snow White and the Huntsman.
Fogelson's contract extension comes in the wake of an extension given to Universal Studios president and COO Ron Meyer, whose own contract was extended to 2015 in June.
Comcast's takeover of NBCUniversal from General Electric earlier this year spurred plenty of speculation that the Comcast brass would introduce sweeping executive changes throughout NBCU. But while that was true at NBC's TV operations, it has not been the case at the motion picture studio.
However, Fogelson's new reporting line does reflect changes at NBCUniversal. In addition to reporting to Meyer, to whom he had previously reported, Fogelson will also report to NBCUniversal CEO Steve Burke. The new reporting struture is said by company insiders to reflect dual reporting lines involving Burke at the company's other business units.
Fogelson, in turn, is expected to give a contract extension to Langley, which will effectively keep the current Universal team in place for the immediate future.